Wells Fargo Maintains Overweight on Confluent, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Confluent (NASDAQ:CFLT) and raises the price target from $28 to $35.
May 31, 2023 | 12:01 pm
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POSITIVE IMPACT
Wells Fargo maintains an Overweight rating on Confluent and raises the price target from $28 to $35.
The news of Wells Fargo maintaining an Overweight rating on Confluent and raising the price target from $28 to $35 is positive for the stock. This indicates that the analyst believes the stock has potential for further growth and is likely to outperform the market. As a result, this news may lead to an increase in demand for the stock, driving its price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100